Trump Makes History Again! Tested Positive For Covid!

Kelwin & Roy covid
2nd October, 2020, 5:48 PM

TGIF! Thank God its Friday or Trump Got It Finally? Well, the President of United State has done it again! Being tested positive for Covid! What a year it has been eh! Testing positive in such a time especially when elections are so near! And we thought things were crazy already this takes the cake. Ok jokes aside, let’s dwell a little more into this.

Messages have been coming in fast and furious and we thought we’ll just share some thought of Trump getting covid and some possible impact. Some even speculate that he’s faking it to gain sympathy vote??

First, let’s look at the line of presidential succession if anything were to happen to trump and he’s incapable of fulfilling his duties. The vice president (mike pence) is next in command then follow by the speaker of the house who is Nancy Pelosi which is a democrat. So things will be interesting here if pence also can’t perform his duties. After her then its the President pro tempore of the Senate. Market might probably head down if anything really serious happens to trump as a knee jerk effect.

Second, trump is already 74 years old and that’s a real concern. As we been told that the covid hits the elderly harder and they are the more vulnerable group. So far it seems mild and being detected early could increase the chance of recovery and hopefully it doesn’t deteriorate. With early detection, some drugs like remdseivir has shown effectiveness curing covid and making it less fatal. This weekend is crucial in seeing how trump’s health is and that might set the tone for next week. If it’s really mild and trump recovers then market might start to have some rebound.

Third, what happens if trump conditions turns and unable to run for elections? Will the elections be postponed? The power doesn’t lie with the President and it is an extremely complex scenario that requires congress. You can read more HERE.

Fourth, could trump get some sympathy vote? Doubt so, most of the americans have probably already decided who they want to vote for. In fact people are saying that its due to the lack of mask wearing that’s why he got it. So serves him right?

Fifth, it’s still early to say what will happen as the white house scramble to put in plans for what’s to happen next. Trump could still do virtual rallies if he’s well enough just like what Biden has been doing. Trump can still win this election of course given he recovers and not swing the other way.

As for markets, futures plunged over 500 points on news of Trump testing positive and has since recovered off the lows. We feel market might have overreacted for now but of course we got to see how serious his condition is and it cannot be taken lightly. If he gets well then market could resume its course. BUT if he turns the other way, market could really get volatile.

A simple analysis we have come up with. The first line of support would be the 50ema (3325) which its bouncing off currently. Next support is around the 100ema (3222) area which is also the uptrend line and if that can’t hold probably around 3176 for the next support. Upside if it can break that downtrend line might be 3481. Short term traders do be alert and nimble. Long term investors might want to look at good support to slowly scale in for strong stocks or wait till more clarity on trump’s condition

It’s been a wild week and we wish everyone a good  restful weekend before we do battle next week!

Do contact us if you want to have further discussion.

Yours

Humbly

Kelwin&Roy

 

 

Follow and like us:

US Markets And The Upcoming Election In Nov

Kelwin & Roy Stock Market
1st October, 2020, 6:24 PM

Image source: express.co.uk

As we all know by now that the US election is just about 5 weeks away and the heat is on as 3rd Nov draws closer.  As we all witnessed the president’s debate yesterday which turned out to be a  more of a bickering session where both people hurled insults and repeatedly interrupted each other. One would probably get very little out of yesterday’s debate other than some entertainment value.

At a point in time Mr Biden even called Mr Trump a “clown” and told him to “shut up” and Mr Trump questioned Biden’s intelligence. What a debate!

Issues like handling covid19, racism were hardly rationally debated as both kept on squabbling that the debate moderator had to intervene.

Market couldn’t get much out of the debate and futures started to sell down after that only to recover on news of stimulus.

For now polls show Mr Biden leading and Trump has probably has to take the rest of the debate seriously in order to swing votes to his side.

Now what can we expect from now till Nov? VOLATILITY! As the race to the white house is not conclusive yet, both parties stand a good chance to win. As such, market could swing during this period so do be aware. As Trump is pro market, pro business if he’s firmly in the lead, markets could favour that. On the other hand, if Biden is in the lead, market might not like it as they will have to adjust to a new president, new policies and more regulations.  Election news might overtake covid news for the time being as traders shift their focus for the time being.

-So for short term traders, do be nimble, adjust your expectations during this period. Don’t be greedy during this time or stay out when it’s too uncertain.  Gold could also be a trading idea as some might flock to there for safety.

-For longer term investors, take the chance to position yourself during the dip on strong companies with good fundamentals.  In the long run, market tends to move up. Index ETFs are good alternatives if single stock exposure is not your cup of tea.

So what happens if Donald Trump wins? 

  1. As trump favours deregulation, low interest rates environment, low tax rates so those industries like financials, traditional energy , military (Lockheed Martin) and healthcare like GSK and Pfizer might benefit.
  2. Sector to avoid would probably be some China tech that Trump has aimed. As there is uncertainty in Trump’s policy on the trade war and it might be better to avoid those companies with China exposure or manufacturing in China as these companies might suffer from the tariffs
  3. We might see some certainty in the markets as Trump is pro markets and always credits himself for how the market has performed. S&P has made an all time high despite Covid, got to give it to this man. Traders are also used to Trump’s way with the exception of an increased post election trade escalation and of course his famous tweets.

So what happens if Joe Biden wins? 

  1. As Biden is more for tax hikes, regulations or some even say anti-growth, this might take a hit to the markets. Plus the fact it’s a new President and markets dislike uncertainty.
  2.  Biden is also more for renewable , sustainable energy, infrastructure and manufacturing. He focus on environmental issues so companies related to clean/renewable energy like solar could benefit.
  3. Financials could be affected due to more regulations and tax  hikes.
  4. Although Biden’s trade war stance is not as erratic as Trump’s he had not committed to removing the tariffs.

It’ll be an interesting month leading up to the elections so stay tune as we update more on index in the coming days. Stay tune.

Yours

Humbly

Kelwin&Roy

Follow and like us:

Capitaland – [Base Forming? Bottoming? ]

Kelwin & Roy Capitaland , , , ,
1st October, 2020, 1:34 PM

Capitaland – [Base Forming? Bottoming? ]Capitaland 1st oct 2020

Chart Source: Poemsview 1st Oct 2020

Capitaland seems to have bottomed with a base forming around $2.65 level. The next level of support might be at $2.60. Property counters have been lagging and strong property sales figure have been seen in the last few months. Could property counters start their move up? And could it help to push the STI up as its part of the STI component?

Head over to our post on investing notes to know more. Watching Capitaland with interest.

Yours

Humbly

Kelwin&Roy

Follow and like us:

Straits Times Index – [ Mid Day Updates, Looks Promising, Here’s Why! ]

Kelwin & Roy Straits times index , , , , , , ,
29th September, 2020, 2:40 PM

Straits Times Index – [ Mid Day Updates, Looks Promising, Here’s Why! ]Straits Times Index 29th Sept 2020

Chart Source : Poemsview 29th Sept 2020

Straits Times Index has broken out of its midterm downtrend line and also has broke above its 20ema.

From technical analysis point of view, these are some promising cues which might have more upside potential. What we’re looking at is for the Straits Times Index to close above this 20ema and stay above it for the next few days. That could possibly be a bullish signal for the markets. Take a look at our Riverstone post and what happens when it crosses the 20ema.

If we see our three local banks, OCBC and UOB are currently above the 20ema while DBS is still under. Do keep a watch for it as we previously posted on it too.

We have drawn some potential support and resistance should STI be able to stay above the 20ema. Let’s hope we can see 2546 first in the coming weeks.

Yours

Humbly

Kelwin&Roy

 

Follow and like us:

Riverstone – [ Rebound Came After We Posted, What Are We Looking Out For Next? ]

Kelwin & Roy Riverstone , , , , , , , , ,
28th September, 2020, 6:58 PM

Riverstone – [ Rebound Came After We Posted, What Are We Looking Out For Next? ]Riverstone 28th Sept 2020

Chart Source: Poemsview 28th Sept 2020

Riverstone a glove related counter was a counter we posted on our blog before market open last friday (25th Sept) when it was at $3.49.  Once market open it slowly moved up and just one cent shy of our target $3.74, it touched $3.73 and started to have profit taking through the day.

It made a nice 6% upside in a day since it broke above the 20ema which we mentioned in our post too,  very decent if you ask us. =)

So what are we looking out for next? From the chart and using technical analysis,  $3.73-3.75 is a potential resistance for us. The short term support to us is the 20ema and that uptrend line we drew , which is round $3.53 level. If riverstone can maintain at this level and take out the resistance, we might even see $4.11 level.

Keeping our eyes on it.

Yours

Humbly

Kelwin&Roy

Follow and like us:

Glove Counters – [ More Rebound In Sight? ]

Kelwin & Roy Riverstone , , , , , , , , ,
25th September, 2020, 7:53 AM

Glove Counters – [ More Rebound In Sight? ]Riverstone 25th Sept 2020

Chart Source: Poemsview 25th Sept 2020

Just a day or two we saw glove counters gaining some strength as there were having a sideways consolidation. Cases are starting to rise again in the Western side like europe and this might have some positive effect on these glove stocks.

Glove counters like Top glove and UG healthcare have all broken above their 20ema and might see further upside in the near future. But we’re not super optimistic and might just want to be mindful for this as a rebound.  Now how about Riverstone?

Riverstone is currently pinned down by the 20ema and the downtrend line. If it manages to break and stay above that we might see a potential move up in the coming days. There has also been an increased in volume.

Keeping our eyes on it.

Yours

Humbly

Kelwin&Roy

Follow and like us:

Singapore Local Banks – [ Low Enough For A Rebound? ]

Kelwin & Roy dbs , , , , , , , , ,
24th September, 2020, 8:09 AM

Singapore Local Banks – [ Low Enough For A Rebound? ]DBS 24th Sept 2020

Chart Source: Poemsview 24th Sept 2020

Our three local banks has been on a downtrend for awhile due to the weaker economic data, bleak outlook and a low interest rate environment too. The downward pressure has been rather strong and the question is, is the end in sight? Also, as the three banks take up a rather big weightage in the STI, how the STI moves depends quite a bit on how these banks move too.

Let’s take a look at our first bank DBS.

From the chart, we MIGHT see a temporary short term support at around $19.50 area which is our horizontal support. A nice strong candle appeared yesterday and this bounce might take us to our downtrend line or maybe even to $20.60-20.80. From there on, downwards pressure might start to come back in.  A good level to start considering scaling in might be around $19.

 

OCBC 24th Sept 2020

OCBC similar to DBS has also seen some support at the horizontal support of around $8.38. If this bullish momentum can carry on we might see OCBC break out from that downtrend line and maybe even to $8.7 and $8.9 if market remains well. After that we might see downwards pressure coming  in. A good strong support might be at around $8.

 

UOB 24th Sept 2020

UOB is rather interesting. It actually broke the downtrend line, hover a few days and came down and actually tested the downtrend which became a support. The near term resistance might be $19.34 breaking which we might see $19.74 and maybe even $20.30. A good strong support is around $18.19.

Want to know more about our three local banks?

Just simply drop us a message and we’ll be happy to discuss more.

Yours

Humbly

Kelwin&Roy

Follow and like us:

BYD Company (1211.HK) – [ $95 Target Met, What’s Next?? ]

Kelwin & Roy BYD Company , , , , , , , ,
15th September, 2020, 11:00 AM

BYD Company (1211.HK) – [ $95 Target Met, What’s Next?? ]BYD Company 15th Sept 2020

Chart Source: Poemsview 15th Sept 2020

BYD Company ( 1211.HK) one of the first few Hong Kong  stocks which we started to share with our client as we continue to  give value to our clients. It remained relatively strong despite the recent pullback and not even touching our support of $68.35.

Just a couple weeks back when we shared, BYD Company was $75 and in less than a month it has climbed to our target of $95. Up over 25%! That’s the wonder of the Hong Kong stock market. Of course  the reverse is true that is why having a stop loss and sticking to it is important!

As for now , the next possible target might be around $100, a nice round whole number. But of course, nearing there we might see some resistance.

Want to receive such information sent straight to your handphone?

Drop us a message, and we’ll be glad to guide you along!

Yours

Humbly

Kelwin&Roy

Follow and like us:

Tencent (700.HK) – [ Covering Gap, What’s Our Next Upside Target? ]

Kelwin & Roy Tencent , , , , , , ,
15th September, 2020, 8:02 AM

Tencent (700.HK) – [ Covering Gap, What’s Our Next Upside Target? ]Tencent 15th Sept 2020

Chart Source: Poemsview 15th Sept 2020

Tencent (700.hk) needs little or no introduction is China’s largest game developer  and owns the China version of whatsapp WeChat. Its owner’s Pony Ma is the richest man in China surpassing Jack Ma.

Tencent is part of the HSI component and takes up close to 9.9% of the HSI component. So when tencent moves, it could bring the HSI along with it.

Tencent is one of the hot favourites for traders and investors and hence we covered it in our Value added service to our clients, creating more value for them.

This was just sent out monday morning before the HK market open so that our clients had time to digest the info. We’re glad Tencent went according to plan and covered the gap up to HK$533. Where are we targeting next? We have drawn possible support and resistance for our clients as a guide and educational purpose so that we can pass on our views and share information with them.

Drop us a message if you would like to find out more and learn how you can be included in our latest service to our clients.

Yours

Humbly

Kelwin&roy

Follow and like us:

Frasers Cpt Tr – [ Suburban Malls Leading The Recovery ]

Kelwin & Roy Frasers Cpt Tr , , , , , , , , , , ,
2nd September, 2020, 3:59 PM

Frasers Cpt Tr – [ Suburban Malls Leading The Recovery ] Frasers Cpt Tr 2nd Sept 2020

Chart Source : poemsview 2nd sept 2020

Frasers Cpt Tr is currently up after having a run up since its consolidation for the last two months. A first sign of turing up came when we saw Frasers Cpt Tr started to break above its mid-term downtrend line. It was just a week ago that we alerted our EXCLUSIVE CLIENTS of this trade set up when it was trading at $2.46 for them to prepare and plan.

Since then it has moved up over 7% since our entry and we are glad of the results.  Suburban malls looks better set for recovery as this is usually served by residences more than tourist. As tourist are not allowed for now, malls in orchard would suffer the most as lesser tourist visit. Mapletree com is also another counter for the recovery story.

As for now, Frasers Cpt Tr might see a push towards $2.72 which is closing the gap and after that a rest might be good. Will update more once again.

Want to be part of this EXCLUSIVE GROUP that were alerted of such a trade analysis?

Wait no more! CONTACT US NOW to see how you can be part of this group to receive value added service sent straight to your handphone.

Yours

Humbly

Kelwin&Roy

 

Follow and like us: